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Jul
23rd

VEHICLE ANALYSIS: Minnow Mitsubishi not short on L200 claims

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Minnow Mitsubishi Motors UK (MMUK) is only a bit player in the 2.5m unit UK new car and 321,000 commercial vehicle market but has long punched above its weight in one tonne pickup trucks. And it's making some pretty bold claims for its fully redesigned L200 line.
Jul
23rd

Ferrari files for share listing on the New York Stock Exchange

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Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange.
Jul
23rd

Ferrari IPO filed in New York to raise funds for Fiat Chrysler

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Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange.
Jul
23rd

Japanese automaker group says China market in ‘downward spiral’

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China's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association.
Jul
23rd

Zetsche says hacking concerns drive Mercedes bid for Nokia maps unit

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Daimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business.
Jul
23rd

US: Bosch to invest nearly EUR370m in North America this year

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Bosch says it will invest almost EUR370m (US$406m) in North America this year, as the supplier unveiled a major rise in sales in the region.
Jul
23rd

UK: More productive automakers boost output

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British car factories have achieved their best half year output since 2008, the Society of Motor Manufacturers and Traders (SMMT) announced.
Jul
23rd

THAILAND: Thai sales fall in June, outlook improves

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Thailand's new vehicle market continued to spiral downwards in June with sales falling by 18.4% to 60,217 units from 73,799 units a year earlier, according to the Federation of Thai Industries (FTI).
Jul
23rd

RUSSIA: Lifan starts building vehicle plant

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China's Lifan Industry has begun construction of a greenfield plant in Lipetsk, central Russia, almost a year after signing an agreement.
Jul
23rd

THAILAND: Kwaithong to build EV plant

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Thai engineering company Kwaithong Motor is investing THB5bn (US$143m) in an electric vehicle (EV) assembly plant in the country.
Jul
23rd

VW, Metzler sell LeasePlan for 3.7 billion euros

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Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion).
Jul
23rd

UK car production rose sharply in June as export demand surges

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British car production rose sharply last month, helped by an upturn in the number of cars built for export and capping the strongest half-year performance since 2008.
Jul
23rd

Weak U.S., China sales hit Hyundai profit

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Hyundai said its net profit slumped for the sixth quarter in a row, as weak sales in key markets including the U.S. and China and the won's strength continue to shackle the automaker. Profit fell 24 percent to $1.5 billion.
Jul
23rd

Daimler profit jumps 54% on Mercedes growth

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Daimler's second-quarter profit jumped 54 percent, the highest for any three-month period at the carmaker, as Mercedes outpaced rival luxury brands in China and new models boosted sales.
Jul
23rd

Ford seeks to shake stigma of Detroit’s most generous automaker

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Ford, beset by the highest U.S. labor costs in the industry, is seeking to use contract talks this summer with the UAW to ease the burden.
Jul
22nd

Nissan halts sales of some redesigned Maximas

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Nissan halted some U.S. deliveries of the redesigned 2016 Maxima due to an unidentified quality problem.
Jul
22nd

FCA recalls 144,416 Dodge Journeys to secure engine cover

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Fiat Chrysler is recalling an estimated 144,416 Dodge Journey models in the U.S. to better secure their engine covers.
Jul
22nd

Senate bill aims to secure cars from hackers, protect consumer privacy

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A bill proposed by two U.S. senators would direct NHTSA and the Federal Trade Commission to establish rules that would secure cars against hackers and protect consumer privacy.
Jul
22nd

Lithia prepares for next acquisition

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Lithia Motors expects its DCH Auto Group division to acquire more stores in a major coastal market in the next few months.
Jul
22nd

Google’s self-driving cars, mishaps aside, are ‘learning the road,’ exec says

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The head of Google's self-driving car program said the company's test vehicles are very safe and noted recent accidents involving them were minor and actually the fault of other drivers, not Google technology.
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